St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-09-03
fHE COMMERCIAL RECORD.
On the Chicago Board Of Trade There
Was Bullish Feeling
in Wheat,
Which, However, at Last Gave Way
Before the Assaults Of the
Bears.
Transactions in The Financial Circles OF
Wall Street.-The General
Quotations.
Special TO the Globe.

Special to the Globe.
CHICAGO Sept. 1.-THE action on Change
this morning was very nearly a duplicate OF
yesterday The firm feeling which prevailed
at the first September afternoon session was
noticeable at the opening. Wheat marked
two points better than the close for leading
futures, and just l cent higher for October
and December delivery than at the opening
yesterday. The opening prices on corn
showed about Acl advance sustained in
twenty four hours. Oats moved very slug
gishly, but were firm at the quoted prices.
THE OPENING PRICES
to-day were: Wheat 71ssc for October,
SOssc for May; corn, 42Ac for october,
45s4e for May; oats. 25Isc for October; 3Ol2c
for May. October ribs opened at $40, an
advance of zoe, and October lard was steady
at $3.50. The Liverpool advices were: Mar
kets firm and prices unchanged. The pits
are now governed more by the foreign feel
ing than by any crop reports or local infiu-
ences. Before noon the longs in wheat and
corn were seized with a desire to realize on
investment made on the rise yesterday and
this morning, and under lead of liberal sell
ing by one or two holders the offerings were
such us TO cause quite a reaction from open
ing prices. October wheat dropped back TO
71A@71ssc and May 10 S0Ssc. Corn sold
down to 411se for October, and to 45l4c for
May. Ribs and lard also weakened and de-
clined sc. After the reaction there was less
activity on the floor. The closing hours of
the session
PUZZLED EVEN THE SCALPERS
onwheat. The October sold down to 707sc,
then up 717se. then back under Tic again
within half hour. Corn was weak but less
nervous and declined after the noon hour to
41ssc for October and 45Isc for May. Octo-
Der oats settled down to 25c. Closring prices
at o'clock were: October wheat, 71lsc;
October corn, 4134@417Sc; october OATS 25c;
ctober ribs. SS.37l2c; october lard, S6-45@
GAZE At the afternoon session of the
board, wheat continued unsettled,
selling from Else to 71H071$sc and
back TO Tic for October and
from S0lsc up TO SoA@S0a4c and back to
S0Isc for May. October corn sold from 41s4
Q,41Isc down TO 41asc, and May SOLD at lilac.
Oats and provisions were quiet and I'M
changed. OCTOBER wheat, Tic; October corn,
415sc; October oats, 25c; October lard.
S6.47l2; October ribs, $40. AT the after
noon session wheat declined Isc and corn
lac. Provisions unchanged. Wheat-69ssc
September, Tic october, 744c December.
S0lsc May. Corn-414c September, 415sc
october, 417Sc December. 45ls@4514c May.
Oats-24lsc September 25c October, 5O4@
3O$sc May. Pork-S11.S5 year, $3.50 jan
nary. Lard-S6.45 September, S6.47l2 Octo-
Der, $3.50 December. Short ribs-SS.3 7l2
September, $40 October.
THE ROUTINE REPORT.
CHICAGO, Sept 2.-There was q bullish
feeling in the wheat market at the opening
to-day, but it was largely continuance of
the tone established in the afternoon session
yesterday and did not last long. There were
evidently too many longs who were anxious
to take a profit, however small. and upon
these parties began to realize the market
weakened from lack of outside support. The
influences which may have induced the sell
ing was the falling off i'll the export move
ment and the increased receipts in the North
west. Receipts here were also slightly larger
than expected. and estimates for tomorrow
are large. 4 moderate shipping inquiry ex-
listed, but late cables reported prices firm,
but the demand less urgent. October wheat
opened about l2c better. at 713sc. sold down
to I07Sc, up again to T1l2c, and
back to 707sc, and closed at Tic. Corn was
rather quiet to-day, with trading somewhat
limited and the feeling easier There was a
fair demand from shorts for September early
and prominent local operator bought quite
freely The market opened about the same
as the closing prices of yesterday, was steady
for time under moderate offerings, then
ruled weaker when it became known that
10000 Blu were expected tomorrow, and
values declined 12Gl5sc, ruled quiet and
closed A@$sc lower than yesterday. Octo-
May sold from 45S4c down to 45l5c,
then back to 45sSc, closing at 451s@454c.
Oats were more active than on yesterdaysell-
ing higher early and lower at the close. Ccto-
Der opened at 25c and closed ut 25c: Nav
sold at 3012c, and 3Os403Ol2c, closing at
that figure. Provisions were fairly active
particularly short ribs which were decidedly
stronger and higher The stocks here
Showed more of q reduction than anticipated.
as 1t was generally expected that there would
be at least %, 100000, but the report only
showed in round numbers 23,94O, 900
pounds, a decrease of nearly 100000
pounds during August. Holders were disn-
clined to sell and shorts were anxious to
buy, and prices advanced 17l2@20c, and
mand was fair and Armour sold 100000
ponds cash, in lots at $3.50. September
opened at $40, sold at So. 25@S.40 and
closed at s. 3!i2c; January was neglected
and sold at S6.45. Lard was offered more
freely and prices declined 2l2c: October sold
at S6.45G6.55; closed at S6.47l2; January
Fat $652l2@6.60, and closed at S6.57l2. Mess
pork was steady at Sl2.47Ia1 1250 and
closed at 1880 for January.
b. THE QUOTATIONS.
Is CHICAGO, Sept. 2.-Wheat-No. 2 Septem-
her, 69s4e, closing at 693sc; October, 714sc,
at 72s4c; December, 737sc, closing at
,74ssc. Corn-No. 2 Sc ptember, 41s4c, closing
at 41Ac; October, 42Ac, closing at 41tsc;
closing at 45lsc, oats-No. 2 September.
243sc, closing at 24lSc; October 25sSc, closing
at 25c: November 25sSc. closing at 25s4c;
May, 30l2c, closing at 3oAc. Mess Pork, per
SGli S11.S2ci oduudiS< S1AOO, ClOSlHS
at $3.50. Lard, per 100 lbs.-September,
S6.45, closing at S6.45; october, $3.50,
closing at So .47l2 November, $3.50, closing
at S6.47l2 January, So 60, closing at So SLY;
Short ribs, per 100 lbs.-September, $40
closing at S.. 37l9; October, $40, closing
at $40; January, S6.45, closing at Sc. As
Cash quotations were as follows: Flour was
in fair local inquiry; prices continue firm
No: 2 spring wheat 69A@69ssc; No. 5
spring wheat, 66c; No. 2 red, zoe; No
corn, 414c; No. 2 oats, 24c: No. 2 rye,
44l2c: No. barley nominal; No. 1 flax
seed, S1.o3S4; prime timothy seed, 50 500
2.37; mess pork, per Dbl, Sf5@15.2 5: lard,
per 100 lbs, S6.45; short rib sides Qoose),
SS.32I2; dry sailed shoulders boxed, s.. $50
80; short clear sides (boxed), SS.5O0S. SIS;
whisky, distillers' finished goods. per gal,
Sd-10; Receipts-Flour, $4,000 bbls; wheat,
$4,000 bu: corn, 244, 900 bu; oats 2O6 600
bu; rye, 1000 bu; barley, 10000 bu Ship
mentsaFlour, 90, 600 bbls; wheat, 81, 900 bu;
corn, 391 600 bu; oats, 10000 bu; rye,
5000 bu; barley, 5000 Blu. On the produce
exchange to-day the butter market was weak
at 1S023c for creamery and 15@2Oc for